Business homework help
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bike.docxOur company product is Medium price and high quality.
Business Resources
GOAL: As a group you will have to Identify and describe the resources necessary for your company’s successful operation. You will have to explain your plans for the resources below.
1.Human resource experience and expertise: You will have to explain the role that did each group member played in the successful operation of your business (2-3 line each one)
Member roles
CEO- Chief Executive Officer
CFO-Chief Finance Officer
CMO-Chief Marketing Officer
COO - Chief Operating Officer
CDO-Chief Design Officer
2.Financial resources: You will have to identify what financial resources you had when you took control of the company and how you plan to acquire more financial resources should you need them in the future (debt, equity).
Use the balance sheet.
ASSETS
Current Assets
Cash $2,202,452
Raw Materials Inventory $0
Finished Goods Inventory $35,684
Total Current Assets $2,238,136
Non Current Assets
Plant $4,000,000
Less: Accumulated Depreciation $1,300,000
Total Non Current Assets $2,700,000
TOTAL ASSETS $4,938,136
LIABILITIES ANDSTOCKHOLDERS' EQUITY
Current Liabilities
Short Term Debt (Overdraft) $0
Company Tax To Pay $581,441
Total Current Liabilities $581,441
Non-Current Liabilities
Long Term Debt $1,000,000
Total Non Current Liabilities $1,000,000
TOTAL LIABILITIES$1,581,441
Equity
Number of Shares Outstanding 1,000,000
Share Capital $1,000,000
Retained Earnings $2,356,695
TOTAL EQUITY $3,356,695
LIABILITIES AND STOCKHOLDERS' EQUITY $4,938,136
